SSAB AB (publ) (OTCMKTS:SSAAF) Sees Large Drop in Short Interest

SSAB AB (publ) (OTCMKTS:SSAAFGet Rating) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 3,200 shares, a decrease of 13.5% from the February 13th total of 3,700 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 32.0 days.

SSAB AB (publ) Stock Performance

Shares of OTCMKTS:SSAAF opened at $7.44 on Friday. SSAB AB has a 52-week low of $4.22 and a 52-week high of $7.59. The stock’s fifty day simple moving average is $6.71 and its 200-day simple moving average is $5.53.

About SSAB AB (publ)

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SSAB AB engages in the production of steel and construction solutions. It operates through the following segments: SSAB Special Steels, SSAB Europe, SSAB Americas, Tibnor and Ruukki Construction. The SSAB Special Steels segment markets and sells quenched, tempered, and hot rolled steels. The SSAB Europe segment focuses on strip, plate, and tubular products.

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